The Price of a Cup of Coffee May be the Answer to Fixing Social Security
Lawmakers on both sides of the aisle agree: Social Security reform needs to happen.One House Democratic proposal that would expand benefits and raise payroll taxes is getting a lot of attention on Capitol Hill.But the proposed changes have sparked a debate: How much is too much when it comes to tax increases?
Scams Involving Your Social Security Number and Benefits are on the Rise
Have you received a call or voicemail from someone warning that your Social Security number or benefits are suspended due to suspicious activity? Scammers are hoping you’ll be scared into believing their claims. They usually ask you to confirm your Social Security number and pay money to “reactivate” your number, protect it, or restore your benefits.
Why So Many People (Mistakenly) Believe Social Security Adds To The Deficit
Social Security can’t add to the deficit and debt, because unlike other parts of the budget—tax cuts, preferential treatment of capital gains, deductions for corporate debt, carbon subsidies and defense spending—Social Security has built in "pay-fors." It also can’t be sequestered, and it is insulated from government shutdowns.